第四条债券借贷的标的债券应为融出方自有的、可以在全国银行间债券市场交易流通的债券。

Article 4 the object bonds in bond lending shall be self-owned bonds by the bond provider and may be traded and circulated in national inter-bank bond market.

youdao

日用品交易市场，流通交易市场，或其他市场包含着和股票交易一样的原则，我们底买进高卖出！

Trading in commodities, or currencies, or any other market involves the same principles as trading in shares – we look to buy low and sell high!

youdao

“它们新债券的认购情况良好，次级市场上的交易也很活跃，流通性很充分。”网站上这样说。

"Their new bonds are well subscribed and transactions in the secondary market are active, while liquidity is ample," it said.

youdao

These mortgages were given out to people that couldn't afford them and today you have what you call subprime mortgages--subprime paper They issued against this paper stuff called mortgage-backed security. They securitized them and these things are all floating around now.

我们发放这些抵押贷款给那些买不起房子的人,所以现在你们看到了一种你们叫做,次级抵押贷款的金融工具--次贷票据,他们把这种票据叫做,有抵押证券，他们把有抵押证券证券化,这些证券现在在市场上被多次交易，广为流通。

耶鲁公开课 - 金融市场课程节选